Egypt Market Watch | May 11th 2015: Egyptian Stock Exchange ends on negative territory

The Egyptian Stock Exchange (EGX) ended on negative territory with market capitalization lost about EGP 147 million to close at EGP 499.285 billion. The benchmark index EGX30 remained flat to close at 8,691.85pts as a result of weak trading volume and thin liquidity. The small and mid-cap index EGX70 went down by 0.25% to 468.97 points and the broader EGX100 edged down by 0.36% to 965.07 points.

The market sentiment was negative today (measured as advancers/decliners ratio) with 42 advancers and 89 decliners. AJWA Food Industries topped gainers, surging 7.21% to close at EGP 2.38. El Arabia Engineering Industries led losers, falling 7.97% to close at EGP 7.04.

Topping the gainer charts were AJWA Food Industries Company Egypt (rose by 7.21% to close at EGP 2.38), Edita Food Industries S.A.E (advancing by 5.10% to trade at EGP 28.43), Egyptians for Investment & Urban Development (increased by 4.48% to close at EGP 2.33) and Cairo Development and Investment, Egypt (gained 3.88% to close at EGP 31.30).

On the other hand, topping the price losers chart was El Arabia Engineering Industries losing 7.97% to close at EGP 7.04.

Monday’s turnover amounted to EGP 434.483 million, while traded volume reached around 125.966 million shares sealed through 17,686 transactions. Foreign traders were buyers by EGP 26.685 million, while local and Arab traders were sellers by EGP 1.107 million and EGP 25,578, respectively. Meanwhile, retail traders were net sellers; while institutions were net buyers.